- Consultation on Amendments to the Walker Guidelines for Portfolio Companies

- Revised AIM Rules for Companies and Nomads

FSMA 2000 (Transparency) Regulations 2014 Laid Before Parliament

- Audit: Institutional Investor Committee Guidance on Audit Tendering

- Narrative Reporting: FRC Final Guidance on the Strategic Report

- True and Fair View: FRC Statement

- Market Abuse: Government Review into the Operation of Wholesale Financial Markets

- Market Abuse: Improper Disclosure

- PIRC UK Shareholder Voting Guidelines 2014

- US DEVELOPMENTS

- SEC Developments

- PCAOB Adopts Auditing Standard and Amendments

- Noteworthy US Securities Law Litigation

- Recent SEC/DOJ Enforcement Matters

- Employment Benefits Updates

- ASIAN DEVELOPMENTS

- HKEx Publishes Revised Connected Transaction Rules

- Excerpt from Statutory Audit Directive and Regulation Published in Official Journal:

On 27 May 2014, the directive amending the Statutory Audit Directive and a new regulation regarding the statutory audit of public interest entities were published in the Official Journal. The legislation will come into force 20 days later. The regulation will apply in member states from 17 June 2016, other than the prohibition on “Big Four only” contractual clauses (Article 16(6)), which will apply from 17 June 2017. Member states will be required to adopt the necessary measures to implement the directive by 17 June 2016.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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